Icahn Enterprises L.P., through its subsidiaries (IEP) Fair Value & Analysis
Energy · US · Market cap $4.9B
Icahn Enterprises L.P., through its subsidiaries
IEP · US
Fair value as of: Jul 24, 2026
From 2 valuation models · updated 17 days ago
Share price +1.8% over the past month.
Below-average quality, and screening another 22% overvalued on our models.
What matters now
- Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range ($3.36 to $8.29) leaves room in how you read the outcome.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.
How to read this chart
60‑month range $5.83 – $25.95 · fair‑value band $3.36 – $8.29 · the $7.46 price screens above the $5.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.
Analysis
Icahn Enterprises L.P., through its subsidiaries (IEP) currently trades at $7.46, while our model-based Fair Value estimate is $5.82, implying the stock looks roughly 21.9% overvalued today. The Quality Score stands at 30/100 (below-average quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
Over the trailing twelve months, Icahn Enterprises L.P., through its subsidiaries generated revenue of $9.8B at a net margin of -3.4%. Revenue grew 19.8% year over year. It earns a return on equity of -10.2%. Net debt stands at $3.2B. Fundamentals as of Jul 24, 2026
Our scenario range runs from $3.36 (bear case) to $8.29 (bull case); at $7.46, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 7% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -48% fair-value upside, at -22%, IEP screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 2 models by family
Widest divergence: Multiples ($6.88) versus Asset-Based ($2.72). Highest evidence: EV/EBITDA (54).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 29 · Market factors (momentum, volatility) 57
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Icahn Enterprises L.P., through its subsidiaries engages in the investment, energy, automotive, food packaging, real estate, home fashion and pharma in the United States and internationally.
Full company description
Icahn Enterprises L.P., through its subsidiaries engages in the investment, energy, automotive, food packaging, real estate, home fashion and pharma in the United States and internationally. The Investment segment invests its proprietary capital through various private investment funds; and it provides investment advisory, administrative, and back-office services to the investment funds. The Energy segment engages in refining and marketing petroleum in the form of gasoline, diesel, jet fuel, and distillates; renewable fuels business refines renewable feedstocks, such as soybean oil, corn oil, and other related renewable feedstocks into renewable diesel and markets renewable products; and nitrogen fertilizer business produces and markets nitrogen fertilizers in the form of urea ammonium nitrate and ammonia. The Automotive segment engages in repair and maintenance of automotive; sale of installed parts or materials related to automotive services; and sale of automotive aftermarket parts and retailed merchandise. The Food Packaging segment produces and sells cellulosic, fibrous, and plastic casings used to prepare and pack processed meat products. The Real Estate segment consists of investment properties, including land, retail, office, and industrial properties; and development and sale of single-family homes; and the operations of a resort and two country clubs. The Home Fashion segment manufactures, sources, markets, distributes, and sells home fashion consumer products. The Pharma segment offers pharmaceutical products and services; and develops approved therapies and product candidates. Icahn Enterprises L.P. was incorporated in 1987 and is headquartered in Sunny Isles Beach, Florida.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Icahn Enterprises L.P., through its subsidiaries reported revenue of $9.4B in FY2025 versus $12.3B in FY2021, a compound −6.5%/yr. Reported net income was −$293M in FY2025.
IEP screens 22% overvalued. Compare with Reliance Industries Limited →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Icahn Enterprises LP (IEP) (Q2 2026) Earnings Call Highlights: Strategic Pep Boys Sale and ...
- Icahn Enterprises Q2 Earnings Call Highlights
- Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its Second Quarter 2026 Financial Results
- Pep Boys Sold to Mavis for $700M — But Icahn Kept the Real Estate
Peer Group
Oil & Gas Refining & Marketing · 114 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Oil & Gas Refining & Marketing median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Oil & Gas Refining & Marketing stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Reliance Industries Limited RELIANCE | ₹1,293 | ₹835.66 | -35% |
| Valero Energy Corporation VLO | $309.65 | $127.32 | -59% |
| Marathon Petroleum Corporation MPC | $283.74 | $135.80 | -52% |
| Phillips 66 PSX | $196.16 | $101.04 | -48% |
| Neste Oyj NESTE | €31.10 | €4.07 | -87% |
| Formosa Petrochemical Corporation 6505 | 81.30 TWD | 16.68 TWD | -79% |
| Indian Oil Corporation IOC | ₹138.96 | ₹417.35 | +200% |
| HF Sinclair Corporation DINO | $88.59 | $48.90 | -45% |
| Bharat Petroleum Corporation BPCL | ₹315.55 | ₹846.81 | +168% |
| SK Innovation Co 096770 | 121,400 KRW | 58,865 KRW | -52% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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